Institute of Brewing and Distilling Africa Section

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Institute of Brewing and Distilling Africa Section Annual General Meeting (AGM) 5th March 2019 A.J. L. Kennedy, Honorary Secretary and Treasurer Financial Report 2018

Agenda – Financial Report 2018 Overview of Key Financial Figures. Main Highlights of Accounts. Audited Accounts Available. Approval of Accounts. AFRICA SECTION

Main Highlights - 2018 R172 gain in Dollar Account in Rands due to exchange rate change. R97k of VAT recovered from SARS (2014 – 2017). R40k expenditure on Accounting Services and Auditing (Completion of Annual Accounts and recovery of VAT (3 years). R43k expenditure on the Beer Awards and Food Drink Technology event, 37k income on the Beer Awards. (Still awaiting ABInBev payment of R31k). R31k expenditure on Overseas Travel (London AGM). R16k income on Interest. R14k expenditure on Training. Profit / (Loss) = 101k. AFRICA SECTION

Annual Accounts – 2018 Copies of 2018 Audited Annual Accounts available for inspection. Approval of Accounts? AFRICA SECTION